Egypt’s CBE closed 53 forex bureaus since beginning of year
A total of 53 foreign exchange bureaus have been closed since the start of the year, deputy governor at the…
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Parliament of Egypt agrees on jailing black market currency dealers
Egypt's parliament approved on Tuesday a cabinet bill allowing the government to prosecute and jail sellers of…
Euro hits five-week high, yen up after stimulus announced
The euro rose above $1.12 for the first time in more than a month on Tuesday while a cut in Australian interest…
Egypt is pressured to liberalise currency exchange rate
The main condition for Egypt obtaining a $12bn loan from the International Monetary Fund (IMF) was heavily…
Bets on Egypt currency devaluation mount:WSJ
Britain isn’t the only country with a troubled pound; the Egyptian pound fell Monday to its lowest-ever…
Dollar buoyant vs yen, euro as risk-on mood prevails
The dollar was buoyant against the yen and euro on Monday as the risk-on mood inspired by solid U.S. economic data…
Banking sector must have access to foreign cash via EGX: EFSA
Egypt’s current crisis of low foreign currency reserves requires that the banking sector has direct access to…
Egypt’s central bank denies amending max amount of foreign exchange allowed to exit
The Central Bank of Egypt (CBE) denied any amendments to the maximum amount of foreign currency allowed to exit…
UK’s Pound set for longest rally in two months as May takes over
After weeks of political turmoil, a semblance of stability is returning to U.K. politics, and the pound is reaping…
Nikkei rebounds on currency intervention optimism after Brexit
Japan's Nikkei share average recouped some of last week's steep declines on Monday, as government officials stepped…